U2’s Bono lauds budget boost, but aid groups say it is a good start
OTTAWA — U2 frontman Bono is heaping praise on the Trudeau government for a new infusion of Canadian overseas development spending, leading a chorus of anti-poverty activists who are cheering the biggest boost in almost two decades.
Finance Minister Bill Morneau’s budget pledged $2 billion over five years to increase international aid through a new International Assistance Innovation program, designed to come up with flexible new financing arrangements, and the Sovereign Loans program.
It is the biggest increase in Canadian foreign aid in 16 years, and it comes after more than a decade of austerity and budget cuts branded the country as laggard in helping the world’s poorest people.
The new spending is being heralded as a way for Canada to leverage its G7 chairmanship to help alleviate poverty when Prime Minister Justin Trudeau hosts its leaders for their June summit in Quebec’s Charlevoix region.


